TheStreet reissued their buy rating on shares of Comcast Corp. (NASDAQ:CMCSA) in a research note released on Wednesday morning, Stock Ratings News reports.
“Comcast (CMCSA) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.,” the firm’s analyst wrote.
Several other analysts have also recently commented on the stock. Analysts at Northland Securities initiated coverage on shares of Comcast Corp. in a research note to investors on Wednesday. They set an outperform rating on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Comcast Corp. in a research note to investors on Wednesday. They set an outperform rating and a $61.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Comcast Corp. in a research note to investors on Thursday, November 28th. They now have a $52.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $50.18.
Shares of Comcast Corp. (NASDAQ:CMCSA) opened at 48.88 on Wednesday. Comcast Corp. has a 52-week low of $36.30 and a 52-week high of $50.75. The stock has a 50-day moving average of $47.97 and a 200-day moving average of $44.1. The company has a market cap of $127.8 billion and a price-to-earnings ratio of 20.33.
Comcast Corp. (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $16.54 million for the quarter, compared to the consensus estimate of $16.26 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Analysts expect that Comcast Corp. will post $2.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.20 per share. This represents a $0.78 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Monday, December 30th.
Comcast Corporation (NASDAQ:CMCSA) is a provider of entertainment, information and communications products and services.
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